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visit to washington, d.c. and the sea spirit of the holiday season amidst all of the chaos was not lost on him. >> we may cast aside for this night at least the dangers which beset us and make all of children an evening of happiness in a world of storm. >> sean: churchill would stay with president roosevelt for three weeks addressing a joint session of congress and going to church with the president. the remarkable period just a small part of a best sell ising book the last lion. it is the third volume of the churchill biography started by william manchester and completed by paul reid who joins me now. a remarkable man, churchill. one of the remarkable figures in history. before we get to this moment, how long was he an outcast and viewed as an extremist in great britain? >> pretty much h his whole political life. >> sean: before and after his time as prime minister? >> absolutely. early in the century he had switched from the conservative party to the liberal party and as he said later i ratted which is their way i saying they switched parties and then reratted and came back to the tor
, waiting for breaking news out of washington on a matter that has no business being breaking news. this was an entirely anticipated crisis, one that is completely of washington's creation, even at this late moment, washington still ready to gamble with your economic future instead of conceding some ground to conclude a deal that possibly saves it. i'm ali velshi. this is "your money," a battle of ideological wills in washington as america moves dangerously close to a fiscal cliff. >> we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. >> alas, this is how we do things now, create economic storms then look to provide an umbrella at the last possible second. we avert disaster but move no closer to solving our long-term economic problems. after a moment of spiritual clarity on friday afternoon, harry reid is working on a bipartisan deal ostensibly with his republican adversary mitch mcconnell. >> -- engaged in discussions, the majority leader and myself and the white house, in t
to a deal in washington today. you can tell from the sell-off, investors do not like it. >> no, posting their largest decline since november 14th, in case you were wondering. although we are off the lows of the session right now. the dow was down 189 two hours into the trading session. we've come off those lows. but at this point, the dow is down 1% for the week and we are down 1% today at 13,173. nasdaq lower, as well. let's see how many percentage points we're down right now. down 1.25%. the technology sector is taking a bigger hit today. down to 3,012 on the nasdaq and the s&p 500 index is down 1% at 1428. . >> house speaker john boehner says he's still open to a offer from the democrats. >> it was a dramatic evening last night. john harwood was there. he has the latest on the on talks. are there any talks, john? >> i think so. but they're pretty muted. this bill was not win of those weeks that makes washington look good. come to think of it, there aren't many weeks that make washington look good. but this was especially especially difficult because you had negotiations getting close
out of washington. we have boehner coming out with plan b. we are getting harry reid response saying that speaker banners -- boehner approach is very far away. the markets have managed to move back higher. there is a look at the nasdaq. the dow is a winner of about .5%. connell: let's follow up on this breaking news on the speaker of the house john boehner. dagen: richardson is live in washington, d.c. with what the heck. rich: the house will vote as early as this week to extend tax rates for those making less than a million dollars a year. house speaker john boehner says he is still negotiating plan a with president obama. the reason for the backup plan, speaker boehner says, after optimism, the white house is latest offer has soured the mood within republicans. >> it was essentially a $1.3 trillion in new revenues for only $853 billion in net spending reductions that is not balanced in my opinion. rich: there are substantial differences. the speaker is willing to allow a rate hike on those earning less than, excuse me, more than 1 million. speaker boehner wants a $1 trillion in spe
solid reasons to feel totally downbeat. first, i can't believe we're still focusing on this washington thing. for five years we've had to keep one eye on washington, one eye on wall street. i remember whole ten-year stretches i didn't care what was happening down there. at the moment, we can barely focus on anything but washington. the whole u.s. economy, your entire portfolio is hostage to two warring parties, demonstrating a level of partisanship that's been empirically measured to being the worst since 1860, the origins of the civil war. let's hope it doesn't take out that particular benchmark. we're witnessing a titanic struggle between those who are willing to rise above politics, and compromise to cut spending and increase taxes. yes, that's the actual compromise radical middle position as dave cote from honeywell says, and those who simply refuse to accept tax increases or entitlement cuts. given that the president's saying he campaigned and won on a platform of higher taxes for the wealthy and the republicans say they were elected because they pledged to behind the scenes power
in the country. his work is not done yet. people worried about washington keeping their spending type. time for stocks now. nicole petallides is at the new york stock exchange. nicole: the dow is down about ten points. the s&p pulling back one quarter of 1%. a lot of the retailers loved like the biggest losers. 500 stocks are comprised and represent oriole to autos to airlines. the sector that was really lagging where the retailers. oil has been moving to the upside. there is a lot going on with that. and oil spike of two dollars. now, let's take a look at technology. we do see some of the tech stocks doing pretty well. hewlett-packard and intel have been among the real losers for the year 2012 on the dow. today, you continue to see this trend which is a little better. back to you. dagen: thank you. the senate returning to washington tomorrow. the president, as well. five days left to revert the fiscal cliff. now that plan b is that, will there be a plan c or f for failing? peter: president obama expecting to arrive in d.c. tomorrow. white house says they will let us know if there is any up
laid back new year's celebration ever? no. celebration of washington state's brand new pot law. yes, they're smoking joints. >>> i dare you, like double dare you. obama administration bites and says, yeah, we're prepared to go off the fiscal cliff. >>> roger goodell, the commissioner football fans love to hate. there's a softer, gentler side of goodell. seriously. the nfl commissioner you don't know. "newsroom" starts now. >>> good morning. thank you so much for joining me. i'm carol costello. smoke 'em if you got 'em. recreational marijuana is officially legal in washington state. shall we say a rather mellow celebration at seattle's space needle? pot smokers lit up like it was new year's eve. new voter approved initiative went into effect midnight. this pot party technically, is illegal. wz's law bans smoking pot in public places. for now the seattle police department is turning a blind eye. this notice was sent to all officers last night. until further notice officers shall not take any enforcement action, other than to issue a verbal warning, for a violation of initiative 502. m
and the rest of the gop to step up. joining me now, marie cox, washington correspondent for the guardian. and leah henderson, national reporter for the washington post. thank you both for being here this evening. >> it's great to be here. >> good to be here. >> leah, let me start with you. the republicans realize they're on the wrong side of public opinion here? or do they care? >> well, you know, i think you definitely see from democrats from the president using the power of the bully pulpit really underscoring the fact that he won the election. you had pelossi saying essentially that where republicans are ice lated from the public in terms of their stance from the tax hike. i think you see the president continue a campaign that he started in 2008, really, a campaign against extending these tax cuts. now he's able to go to not only the american people, but businesses in wall street. and in that way, i think he's giving cover to some republicans who have been so staunchly opposed to these tax hikes. i think one of the things that's real real really interesting is that is this report that
. >>> the president gets set to land in washington this hour. there's new word that the president has called all four congressional leaders. reid, mcconnell, boehner and pelosi. . joining me to talk more, we have peter alexander standing by at the white house as well as nbc's mike viqueira on capitol hill. some verbal smackdown, basically flipping the lights back on and harry reid taking to the floor to eviscerate speaker boehner. >> the sad part is you often seen the floor opened that way. mitch mcconnell being later today. i'm sure we'll hear something later. to hear it two days after christmas and a matter of days before we go through the fiscal cliff, obviously not encouraging. harry reid says time is running hout. he doesn't know if they could go through the legislative hurdles. if they have the votes around here, they can legislate the sky is green and the grass is blue. that's not an issue. what harry reid is really saying is mitch mcconnell, get on board, don't try to filibuster. of course they're talking about a bill that had raise capital on couples making more than $250,000 a year, and do
that is the debate that is going to rage, especially after that nra presser today in washington. but for this town, for this moment, for this day, it is not about that. it is very important, but it is about the people and the victims and remembering them and commemorating them in beautiful ways just like this one, brooke. >> absolutely, poppy harlow, thank you so much for us in newtown. wasn't thrill a presser the nra gave, a statement, no questions answered afterward. the nra also held a moment of silence at 9:30 this morning today for the 20 children and the 6 adults slaughtered last friday in newtown schoolhouse. but hours later, the nra spelled out its own plan to prevent similar massacres in the future. the message from wayne lapierre, put guns in every school now. >> and does anybody really believe that the next adam lanza isn't planning his attack on a school, he's already identified at this very moment? how many more copycats are waiting in the wings for their moment of fame? the only thing that stops a bad guy with a gun is a good guy with a gun. i call on congress today to act immediatel
to green bay saturday night on nbc while seattle will play at washington next sunday at 4:30 eastern. that game will be seen on fox. let's bring in tony dungy now. tony, what was the key for washington tonight? >> well, bob, i actually picked dallas in the pregame show because i didn't think robert griffin would be 100%. but for the redskins, i thought cris collinsworth hit the nail right on the head. jim haslett, their defensive coordinator, did a great job. he blitzed all night long, and dallas just did not handle it. it started out with the first third down pass where we get an interception and then it went all the way through the game until the big play at the end when tony romo threw another interception against the blitz, and that defense, they had confidence to put deangelo hall one on one on dez bryant and just blitz, and it really paid off for them. >> okay, coach, let's look ahead to the packers and the vikings. who do you like in that game in green bay? >> well, i like green bay, but for really one reason, and that's putting pressure on christian ponder. adrian peterson's
that try to ban guns. >> the current battle in washington has to do with the fiscal cliff. two senior senators took to the airwaves today to discuss what happens next. democrat chuck schumer and suggested republicans needed to work on a partisan solution and accept the reality of tax increases. republican senator lindsey graham says he does not expect a big deal until the next round of debt ceiling talks. >> our republican colleagues, by refusing to go along with revenues, are risking the fiscal cliff. >> there will not be a big deal. the chance for a big deal is with the debt ceiling. that is one of will have leverage to turn the country around. >> president obama urged congress to get a deal done when they returned from christmas break. president obama was among the dignitaries that attended the memorial service for the senator. the world war ii was the first japanese-american elected to both houses of congress, serving hawaii for 50 years. he died of respiratory complications last monday. he was 88 years old. former president bush is still in stable condition in a houston hospital.
it to be cut. and wonks in washington, d.c. spend their time trying to figure out how to cut medicare. both democrat and republican. and with this very thorny contradiction in mind, politicians and think tank analysts and the like have developed a whole secondary-coated language to talk about medicare. so premium support instead of privatizing medicare, and structural medicare reform instead of raising the eligibility age. now, remember the context for all this. this is important. remember that phrase we first started hearing at the start of the health reform debate, which may be apocryphal, "keep government hands off my medicare." the big tea party uprising was in large part a reaction to the idea, quote/unquote, of socialized medicine. it was the affordable care act, and the government, quote, takeover of health care, that fanned the flames of the post-obama tea party protest. but, of course, most of the actual republicans who were actually elected back then were elected because they ran ads like this. >> congressman brad ellsworth said he would protect our seniors. but when he got to was
. chief washington correspondent ed henry live in the white house briefing room with the administration latest effort to reach a deal. with a last minute pitch from the president. the president seems to be saying go home for the holidays, take a deep breath. ref lax. come back. get it done. >> good evening, john. high drama here. when the president is leaving for hawaii in 90 minutes from now. first, though, he met at the white house with senator reid and he called the speaker boehner and came out on the podium behind me. he laid out three-point plan that he thinks can pass if ten days. extend tax cut for 98% of the public. extend unemployment benefit for 2 million people. come back to deal with spending cut and deficit reduction. he said that was achievable by january 1 to avoid the cliff. after last night, unclear whether anything can pass. >> just as the economy is really starting to recover, and we're starting to see optimistic signs. we have seen, actually, some up-side statistics from a range of areas clouding housing, now is not the time for more self-inflicted wounds. certainly
is the sentiment like? are people aware what is going on in washington, dc? are they upbeat? downbeat? unaffected? disaffected? what is the sense? >>reporter: it is an interesting year and the new year's eve ball takes on a different level of importance this year. we are right near times square, the crossroads of the world, right, where main street meets washington, dc, meets wall street street and it comes together and you can get a great feel of how real people, the average american, the average global citizen, reacts to things that are if many ways not only confusing and difficult to understand but uncertain so we caught up with them today. take a listen of everything they had to say how it is personal if some and how it will affect their paychecks and spending in the new year. >> it is everyone to blame. the congress needs to get their act together. that is my we opinion. >> we need spending cuts. >> spending cuts. >> that is not happening. >> everyone makes promises on both sides and no one has fulfilled the promises. >> it will affect everything including quality of life. >> both a mess. >>
have big news out of washington, where nothing is happening. the house is not in session, and as of this moment has no plans to be in session for the end of the year. nothing is stirring, not even harry reid. yes, i'm still in the christmas spirit. the president meanwhile is in hawaii and won't be returning until tomorrow. now, normally nothing happening would not be big news in washington. nothing happening is kind of the status quo in washington. getting nothing done is to our political system as saying great is to tony the tiger. it's just kind of what we do now. right now, this week, nothing happening is huge news. the reason is that usually when washington doesn't do anything nothing happens. you do nothing, nothing happens. that's how it goes. in fact that's why people call it doing nothing. after you do it, nothing occurs. if washington doesn't do something, a lot happens. all the bush tax cuts expire, the payroll tax cuts expire. doctors participating in medicare, see their reimbursements cut by more than 25%. good luck getting a doctor then. more than a trillion
lunch." we have three major news conferences in washington, d.c. president obama will nominate senator john kerry to be his next secretary of state. harry reid will be on the senate floor and house minority leader nancy pelosi will discuss the cliff crisis. with plan b history, washington is scrambling to get a deal done. the markets however are decidedly worried. dow jones has been down triple digits almost all session. we are off our worst lefs, down about 174 point a few moments ago. down 152 on the dow. 17 to the minus side and nasdaq is off almost 40. let's go to washington where john har wood is standing by with the latest on the fiscal cliff follies. john? >> all follies so far, sue. we had house speaker john boehner come out today and have a news conference explaining the failure of his plan b last night which stunned a lot of people because both boehner and eric cantor majority leader said they were confident they had the most to pass it. what he said today at a news conference is that there were members who had a perception which he said was incorrect. it would raise taxes. t
that there is going to be a positive conclusion in washington. the downside is not if there is not a vote to settle it. >> thank you, guys. see you later. have a good weekend. that's the first hour of the "closing bell" with the dow down 40 point. here's the second hour now with bartiromo. >>> hi, everybody. good afternoon. welcome to the "closing bell." i'm maria bartiromo. this market closing lower on this day of national tragedy. we'll have the late on the senseless school shooting in connecticut in just a moment for you, but, first, take a look at how we're finishing the day on wall street. declines on the market. once again worries about the fiscal cliff going into year end. the dow jones industrial average down about 33 points on the session at 13,137. volume really stopped in the middle of the day. we saw things slow down quite a bit on the heels of the awful shooting and fatalities in connecticut. the nasdaq and s&p 500 also under pressure today. the mood down here impacted by the awful events in connecticut with us is hank smith of haverford investments and maggie patel and rajai from barclay
closing bell." the market down today. washington is not even close to reaching a deal to avoid the fiscal cliff. we had a triple digit decline today. here is how we're finishing the day on wall street. at the lows, dow was down 189 points. by the close, we came a fair amount of the way back from that sharp decline in the morning hours. volume very heavy today. that's how he saw a lot of shifting in the volume for the day. 1.2 billion shares here. nasdaq gave up that 29 points at the close and the s&p 500 down 13.25 points. five trading days left until the fiscal cliff deadline. seven days until congress is back in washington. raymond james says he's expecting the santa claus rally. jeff is with me now also dean from barclay's, peter anderson and our own rick santelli. jeff, how can this market rally when there's still so much uncertainty out there? >> i am surprised the market held up as well as it did today, maria. it had every reason to be down four or 500 points. historically, the week after christmas it's up about 70% of the time with a little over a percent gain. and i think you're g
in washington early this morning. and he was a senator by this afternoon. that is a big day. so senator schatz, welcome to washington. welcome to the u.s. senate. there is a lot to catch up on. first of all, many of your new colleagues, most of the people you're about to join, they won their elections back in november. you of course did not. so it is possible that between november and now, like a normal human being, you were not paying all that much attention 20 what washington has been up to. it's the end of the year. things have slowed down. we're waiting for a new congress to come in. usually you would have time to get your bearings to figure out where the bathrooms are. that is not going to be the case this year. not with the fiscal cliff. luckily for you, we here at "the rachel maddow show," we have been paying attention. we have had absolutely no other choice, unfortunately. and we are here to help you and everyone else trying to figure out how we got to this point we are in. right after that election, the day after the election, in fact, your new colleagues got to work immediately on th
of drama in washington. congressional leaders have arrived at white house. they arrived there about an hour ago with three days to go before we go over that proverbial fiscal cliff. they are meeting with the president and the treasury secretary timothy geithner, and they are trying to hash out a deal. but reports that the president has nothing new on the table has ended up spooking wall street in a big way just in the last hour, and as bill said we finished down near the lows of the day, down about 157 points for the dow. settling up right now. down what, about 165 at the very low, bill? >> i think so, yes. >> and the nasdaq finishing down 25 points and the s&p off by 15, a fifth straight day in the red. well, it is the last friday of 2012. it's in the books. check. still no deal in sight and no new offer either on the table from the president as eamon javers told us a little while ago. what now for the markets? we have our guests and our very own rick sell sebak with us. rick, let me get to you, first of all, because you're here on the set. what now for the markets? >> what now for the mar
. thanks so much. here in washington, a massive show of force on capital hill. up next, the message some senior citizens are sending lawmakers looming the fiscal cliff. stay with us. you're in "the situation room." ♪ ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars this season, discover aleve. to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. ♪ ooh baby, can i do for you today? ♪ [ female announcer ] need help keeping your digestive balance? align can help. only align has bifantis, a patented probiotic that naturally helps maintain your digestive balance. try align to help retain a balanced digestive sy
. maine, maryland and washington state all approved same-sex last month. gay marriage was legal in d.c. and six other states. >> heart breaking news for american families waiting to adopt a child from russia. president putin has signed into law that americans cannot adopt russian children. it's said to be retaliation. in a few minutes we will talk about an atlanta family who are midway through the adoption process and are praying for a miracle. across india today, a nationwide protest took a new heart breaking direction, people across the country are out in angry droves calling for justice in the wake of a brutal gang rape, and then word spread that a victim, a 23-year-old woman died in the hospital. brought rapes have happened before, and a lot of change needs to take place for us to feel optimistic, i think, we have to firstly consider how we treat women from the day they are born. how girl children are treated. it's a societal change that needs to take place, not more police or better laws or better implementation, all of it has to happen, but people have to look at girl children
what washington needs to crack the whole fiscal cliff thing wide-open. all i'm saying is i think it has the power to bring people together simpson style. that's it for us. thanks for watching. "early start" begins now. >>> new this morning, tanks and personnel carriers stationed outside the presidential palace in egypt, clashes turning deadly overnight. rage at the new leader fears he may become the old leader. we're live from outside the palace in 30 seconds. >>> plus new reports that syria is putting chemical components in bombs. the details, straight ahead. >>> as of this morning for the first time in the history of our country, it is now legal to smoke pot for recreational purposes in a state and we are there for the pot party. good morning, welcome to "early start." i'm christine romans in for john berman this thursday morning. >> i bet you never thought you'd say that, live at a pot party. >>> good morning to you, i'm zoraida sambolin, 5:00 a.m. in the east here. >>> tension has quickly turned to deadly violence in egypt. this morning, tanks and armored personnel carriers are guar
house correspondent dan lothian joins us live from washington this morning. very nice to see you, dan. >> good to see you. >> here's the deal. we have republicans pitted against democrats. now we understand there are issues amongst republicans as well. >> that's right. they're in a tough spot here. they don't want to be in left in a position of being blamed for the fiscal cliff. you're seeing a division between house members and senate members. the reason for this is mainly over the 800 billion in new tax revenue. this was part of john boehner and plan. those tea party-backed conservatives say this is something that would help job growth. clearly what we're seeing here is republicans are not speaking with one voice. >> republicans should not be conceding that the federal government needs more money, negotiating with ourselves and treating the president's proposal like it's serious. >> we do agree that 8% of the american people are getting about 80% of this tax cut shouldn't have their taxes raised. my suggestion was let's take the one area we agree and take it off the table. >> but zo
is on from washington. tonight. >> the fight against foreign control of our european people around the world can only succeed if we free ourselves first. in the zionist. >> god said that the white race is a race of devils i didn't say this. i just believe it because of their actions. >> bill: hate speech in america we are naming names because we have had enough of this. >> i believe the nra is the new kkk. >> you are still calling it a holiday tree? not a christmas tree? >> that's correct. pluck building and i'm respectful of all the taxpayers that might not be christian. >> "newsweek" magazine says the good guys have finally won the war on christmas. that's not exactly true. the yes tonight why have some christian leaders silent when their faith is attacked. >> is that a joint mask looks like a quarter pounder. >> bill: now that marijuana is legal in washington and colorado, do you feel safer on the road? what about people who drug and drive in those states? >> am i driving okay? is it legal is investigating. >> caution, you are about to enter the no spin zone from d.c. begins right now. hi
advisors and steven gil garcetg and our own jeff cox. no encouraging words out of washington, here we go again, from either the fed or congress. >> right, and frankly that's very expected. there's going to be a -- some grandstanding about your political philosophies right up until the end, but the way i view this is we will not and cannot go over the fiscal cliff. >> you think the can will be kicked down the road. >> well, i think washington learned its lessons from the credit crisis. they are not going to have this go over the cliff, and i think it's going to be a recipe of a small part of cutting spending. a small part of raising taxes and a healthy doze of kicking the gan down the road. >> you would be so sure that these guys cannot do it when in fact here we are 18 days away. steve sax from your standpoint in, terms of etfs and in terms of indexing out there, how do you want to invest given all of these uncertainties as we approach year end? >> i'm in the camp i certainly hope we can avoid the fiscal cliff, but right now i don't have a lot of confidence. we're still seeing a lot of f
leaders in washington. good morning. not an easy night for speaker john boehner. >> yes, he is coming off as having a very difficult day. he was hoping that his fellow republicans would rally around his across-the-board tax hikes that come with a fiscal cliff great he was asking fiscal conservatives to swallow some tax hikes. only on those that make more than a million dollars per year for some, that was a bridge too far. >> he is my speaker and i support him strongly. he is in a very difficult position. but i just happen to disagree with this in the correct message. raising taxes on any american, to me is not the right message at all. it is cutting spending. >> the speaker points out that the house has passed a measure that will stop all the tax hikes next year. as he said, it is all in the hands of the senate. bill: will we hear from the president? swivels democratic governments do in response? >> and i think the short answer is probably not much. at least not in the immediate offering here. the senate is in session today, but there's nothing more until later next week. as for the presi
there in washington as we wait for the white puff of smoke to come out of the white house, eamon. >> reporter: kind of what feels like here, bill. a lot of energy at the white house, a lot of curiosity surrounding this meeting. what you can't see from here and what i can't show you, unfortunately, is just about 50 yards from here is where you saw speaker boehner walking into the building, and we've got a whole cadre of white house still press photographers up on ladders peering over the hedge trying to get a picture of the leaders as they walk in and just to the left of that crowd is another crowd of reporters all gathered around the stakeout cameras. that's where the leaders could come out and talk to microphones if they wanted to say anything after this meeting. there's a lot of anticipation of whether they will say anything after this meeting, and it's widely seen that this would be a good sign for negotiations if they do come out and talk. a lot of previous white house meetings, they have not come out to say anything afterwards, so all those folks waiting over there might be waiting in vain her
let's close tonight with some advice from one of you to washington. >> my message to all of washington for the new year is to set partisanship aside working on behalf of 100% of the voters, fix this mess you've gotten us into, bring a balanced budget to the table to grow this economy for the long term not the short term. >> there you go. for the long term, not the short term. >> there you go. i'm don lemon. happy new year to you. jooirksz . >>> hello, i'm don lemon and this is cnn's top 10 of 2012. we look at the stories that captured our attention, what we see as the biggest stories of the year around the world, in crime, money, weather and even the biggestscandals and later this hour, those stories chosen by you. anchor of state of the union, candy crowley, with the top ten political stories of 2012. >>> like finding your favorite grain of sand on the beach. impossible number of possibilities. catch phrases become boomerangs. >> if you got a business you didn't build that. >> i like being aable to find service members. >> i'm an american woman who uses contraception. let's start ther
news. it has been a tumultuous day in washington. both sides apparently in a total deadlock in the fiscal cliff negotiations. president obama is expected to make a statement on where things stand at any moment here. and with a preview we have fox businesses peter barnes. he is at the white house. peter what do we expect to hear? >> well, melissa, right now the president is finishing up on meeting with sete democratic leader harryeid who came down here to try to talk with the president with some strategy moving forward to avert the fiscal cliff. we expect the president to say that he still wants to get a deal with republicans to do that. that is still going to be time. however, that they will have to do it after the christmass3 holiday. the president plans, is planning to go to hawaii for christmas with his family. speaker boehner has left town. gone back to ohio. for the holiday. the senate is expected to come back on, on december 27th, the thursday next week, which is the earlit that they would be expected to get back to work on this. melissa? melissa: peter, who's left? so
the rest of the world. so 90% of the what happens in growth has nothing to do with washington. it's coming from the private sector itself and we're overcoming a lot of difficulties. on the government side, i think the president's plan is let's grow from the middle out. let invest in the workforce. let's invest in rebuilding the infrastructure of the country. let's try time prove the competitiveness of u.s. industry and we have got to shift to more export and investment-led growth and away from residential investment and consumer spending. i think that's the overview of what he was saying in the campaign. and i think you are right, laura, that the only thick that we were arguing about was high income people's tax rates and should they go back to what they were in the 90's. that would be totally inadequate as a complete plan. i think in 2013, i wish we could do it before, but i think it's going to be 2013, i think we're going to sit down and they probably will hammer out something like a grand bargain. that would be a pretty big accomplishment. that will involve substantial -- will have to i
washington dc. from all over the country, there were outpouring of condolences and sympathy and there were senators and congressmen who sent out statements calling for gun control. in some cases with no political decisions by many to politicize the tragedy. here are some of their names and what they said. congressman bobby rush said lawmakers can no longer be held hostage by those who are opposed to reasonable gun control laws. congressman eliot engel of new york, the fact that we cannot pass sensible gun control in this congress is a blot on her reputation. and congressmen jerry nadler saying that now is not the time to have a serious discussion about and control, if not now, when would it be? at least 20 members of congress reacting with calls to restrict constitutional rights to bear arms. all over those calls coming from members of the democratic party. here is the number who chose to talk about mental illness. the disaffection of the mentally disturbed and ill. the importance of a strong family and how better to protect our schools, the burnable and helpless children with in those cla
. and where new york state and new jersey we'll see that rain lift up. washington improving conditions. new york city very heavy rain and very gusty winds. that is part of the problem with this storm and has been since the beginning. we are seeing the swaths of snow but the winds are so strong. in the last three hours 40 mile per hour wind gusts in new york city. so again, the snow cheering out of illinois and indiana but look at what it has left behind. in areas of illinois, 18 inches. in indy, 7 inches, kentucky, 4 inches. and here's what's left of it. the whole storm lifting to the north. upstate and western new york getting 5 to 9 inches of snow. nine to 12 inches in northern new york and the green and white mountains of new hampshire. >> and of course all anybody wants to know is when can we expect to see the weather improve around the country? >> it will. it is going to improve. we are going to watch this move. here is the area of low pressure we are watching. here's the time stamp tonight at 10:00. right on the money. here is where that low pressure is right over washington where is
. ♪ >> we begin as president obama and the senate head back to washington set for one last effort to avert the first fiscal cliff. aloha means good-bye for the president as he packs bound for the white house tonight. the president cutting short his vacation leaving michelle and the girls behind as he gets back to work to try to prevent tax increases and spending cuts due to begin next week. there's just one problem. it appears there would be no house republicans to help hammer out a deal. the gop leadership has not yet called their members back to d.c. and will not be in session tomorrow for legislative business. according to one gop aide, they felt it's up to the democrats to act now. so the christmas spirit has not softened actions. but what has softened? customer confidence. in the last week gallup found the drop in the likelihood congress will come to a deal. also holiday spending hit its lowest rate since the 2008 recession. while the president said before he left for hawaii that he said he hoped the holiday would give them a chance to cool off and reach an agreement, it appears repub
and stepping this away and that way and now preparing to leave washington. they -- they are doing all of this instead of taking the one step they need to take, and that is to say to the president, all right, you've gone 40% of the way. we're expected to go, you know, 30%, 40%. let's see what we can get done. we don't have to wait until new year's. everybody knows what this is going to look like tend of the day. we just need the republicans to act responsibly and sit down with us and get the deal done. not go home for the holidays. >> and let me switch gears for a second because you hear a lot that's going on in capitol hill. what is the genesis of this criticism of chuck hagel? there's a lot that's also coming from supporters of israel who say that he has not been supportive enough. do you think that is a big question? i know the house doesn't confirm cabinet officials, but you are very close to it all. >> i am not involved in the confirmation process. i'll leave that to the higher pay grades in the senate. show me a nominee or a prospective nominee for any cabinet position, and i wil
. >> good morning. >> and in washington, msnbc and "time" magazine senior political analyst, mark halperin. >> listen to the song. ♪ waiting for the end of the world ♪ >> good call, kid. elvis costello. "end of the world." >> "end of the world." it's here. no. no, no. >> what's this "new york post" stuff? what's going on? >> i don't know. olympic gold medalist turned prostitute. >> are you serious? >> the thing about the "post," they are always on the pulse. >> exclusive piece or is it in "the times," too? >> here's -- i'm glad it's going on in new york. they're getting ready for the holiday season. >> they've got their eye on the ball. >> i don't know what's going on there. >> let's just throw those away. john boehner had a bad night last night. >> yeah. a picture on the front page of "the new york times" seemed to say it all. >> yeah, my goodness. >> look at his face. >> he said a prayer last night. he undertook a gambit. he decided that he was going to walk away from negotiations and try to get republicans to support a tax increase on people making $1 million or more. without any sp
, a rivalry showdown with the dallas cowboys, a win and washington wins the nfc east. a loss and they will need help from two teams in order to make the playoffs. this will be the final game of the season for dallas. if they lose, the game has an eerily familiar feeling for the cowboys who last to the giants in this very situation last season. the g men went on to win it all. the skins can make the postseason if they lose but only if both the bears and the vikings get beat today. the burgundy and gold hope it doesn't get to that point and that they can ride the momentum of their six game winning streak. >> the pressure we are used to because our backs have been against the wall but this is really everything on the line or the season is done until next year so everybody is going to be playing, you know, with just leave it on the field. >> these are the games you'll remember for the rest of your life, win or go home. i don't care what playoff game. when i look back, as an assistant or head coach, you go back and you think about the great experiences you had or the bad memories
are doing enough to keep our children safe. but is washington doing enough? >> from the global resources of abc news, this is a special edition of "nightline," tragedy at sandy hook, the search for solutions. >> i'm cynthia mcfadden. today the first of far too many funerals in a small community changed by tragedy. three days ago 20 children and six adults were killed in a connecticut elementary school, a mass shooting that sent shock waves of degree across the country. abc's juju chang reports from newtown, connecticut. >> reporter: sandy hook elementary school is closed tomorrow. and when the children return it will be to a different campus. the town is covered with memorials like this one that take on a feeling of a sacred sight as people make pilgrimages from all over. under a cold steady rain, a wave of communal grief washes over newtown. memorials growing in sets of 20 for the children. 20 christmas trees, 20 poinsettias, 20 angels. today the first funerals in a found whose faith is being tested in ways it could never have imagined. >>> for six-year-old jack pinto a huge new york gi
obama have left washington for christmas, and with no consensus on the momentous tax hikes and spending cuts set to go into effect january 1st. cnn's brianna keilar is live in hawaii where the president is vacationing. br breanna, is the president overly optimistic a last-minute deal can be reached? >> reporter: i don't know, miguel, if you could say overly optimistic. we heard him last night in the briefing room of the white house saying he's a hopeless optimist that something can still be done. but the fact is it's going to be something smaller. he's now pushing for tax cuts to be preserved for americans making $250,000 or less and pushing for unemployment benefits to be extended for a couple million americans. listen to some of what he said but also still some of the house republican opposition to this short-term plan he's pushing. >> in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle-class americans, protects unemployment insurance for 2 million americans, and lays the groundwork for further work on both growth and defici
are in new york and i'm in atlanta, and we get to washington now, because the senior congressional correspondent dana bash is closely following the negotiations from capitol hill, and dana, you have been there and talking to people, and where are we on this? >> well, the senate majority leader harry reid was on the floor moments ago saying that the senate will reconvene at 11:00 a.m. tomorrow. the senate will reconvene tomorrow at 11:00 tomorrow, and that means no senate votes tonight which is not good news for everybody looking at the calendar and looking at the watch at this point and not the calendar to see that it is midnight tomorrow night that everybody's taxes in this country will go up. simply put, both sides are not at a place where they believe that they can come up with anything to put on the senate floor for a vote tonight. they will give it until the actual deadline, december 31st tomorrow, to reconvene. however, senator reid did say, don, that talks will continue tonight, so that is a good sign at least that the talks are continuing, but the fact that they are not vot
now. amam jabbers is in washington. >> reporter: president obama did cut his vacation short in hawaii. he has arrived back at the white house this morning. the president emerging from marine one. what he's going to work on here in washington is pretty much anybody's guess at this point. the senate came back into session this morning and senate majority leader harry reid took to the senate floor to explain that he thought a $250,000 and above extension of the tax -- bush tax cuts could, in fact, pass and he was extremely, extremely angry in ways that you really hear on the senate floor with the speaker of the house. take a listen. >> it's beings operated with a dictatorship of the speaker not allowing the vast majority of the house of representatives to get what they want. if the 250 would be brought up, it would pass. >> so harry reid there calling house speaker john boehner a dictator for not bringing a bill to the floor that would extend the bush tax cuts for all those who make less than $250,000 a year. now that bill if it was brought to the house floor would have to pass with demo
the fiscal cliff. not just yet. they have not come to a solution in washington. that is front and center. we are also seeing a flock to the area that are safe. the dollar is higher. gold is higher. we are also -- there is a look at the dow jones one week. last friday we close that 13,135. we are still actually of about 30 points for the week. that is if we were to close right here. for right now, certainly, read on the screen because there is so much concern about washington. melissa: thank you so much. many believe the speaker in the senate, but it did notie -@even make it through the house last night. i next asked is not confident it will happen within the next year. >> we will see what the president says. after what has happened this week, it is not clear what the way forward is. it is more likely than not that we will grow into january without a deal. melissa: what does that really mean for the economy? >> it is to businesses to decide when they change their holdings. there is some spending programs that will be extended. they are uncertain about the outlook. there are a variety of ways
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